The biggest five-a-side football pitch company in the UK, Goals Soccer Centres, has been snapped up by the Ontario Teachers' Pension Plan (OTPP), netting the senior management £9.3m.

The pension fund – which boasts the National Lottery operator Camelot among its conquests – has offered Goals £73m for the business, or £1.7m for each of the 44 pitches it operates.

The board has recommended the offer to shareholders and it is unlikely to be voted down, unless the rival five-a-side company Powerleague makes a counter-offer. Patron Capital, which owns Powerleague, had been in discussions with Goals and issued a statement saying it was considering its position.

Keith Rogers, managing director of Goals, said: "The Goals management team is excited about partnering with OTPP. This investment will represent a significant step in the implementation of management's strategy to expand our scale, geography and capability."

The senior management trio of Rogers, the finance director, William Gow and the operations director, Morris Payton, will earn £9.3m in total, of which £6m will be reinvested in the business while they will pocket £3.3m.

On top of that, the chairman, Sir Rodney Walker, will make £700,000, while the non-executive directors Graham Wilson and Philip Burks will take home about £500,000 and £100,000 respectively.

OTPP plans to spend £40m on expanding the business over the next five years, opening 25 new sites. OTPP first approached the company with a preliminary bid in April, having chosen five-a-side as an unlikely extension to the Canadian pension fund industry's UK empire, which ranges from gas distribution to ports and high-speed rail.

Goals owns and operates 43 outdoor five-a-side football centres in the UK and one in the US. Each centre has several synthetic grass pitches which are typically floodlit. The company has about 800 employees and saw revenues rise 9% to £30m in 2011, on pretax profits of £10.9m, up 9% on the previous year.

Jo Taylor, the European head of OTPP's private equity arm, Teachers' Private Capital, said: "We are excited at the growth plans for the future. Our aim is to cement Goals' position as the UK's premier five-a-side operator and help the business to achieve its full potential."

What else do Canadian pension funds own?

Camelot - the National Lottery owner was bought by OTPP for £400m in 2010

High Speed One - a 30 year concession to operate the former Channel Tunnel rail link was bought by OTTP and Borealis, the infrastructure investment arm of the Ontario Municipal Employees Retirement System, in 2010.

Scotia Gas Networks - in 2005 OTTP and Borealis were part of a consortium that bought a business that delivers gas to 5.8m homes in Scotland and southern England.

Associated British Ports - Borealis was part of a consortium that bought the owner of Southampton, Hull and Grimsby ports in 2006 for £2.8bn